Chemical sensor is a device that transforms information regarding presence of chemical elements into an analytically useful signal. Physicochemical transducer and chemical recognition system are two major components of chemical sensors. Chemical sensors primarily operate in real-time, are physically small and are controlled by the kinetics and thermodynamics of a chemical reaction. Rising concerns towards homeland security and environmental monitoring along with rapid industrialization in emerging economies are some of the major driving factors for the market. In addition, increasing production rate of advance vehicles is one of the prime factors boosting the growth of chemical sensors market globally. Advancements in the medical field has resulted in chemical sensors finding application in different medical devices, which is also expected to be major factors driving growth of the global chemical sensors market over the foreseeable future. The growing government initiatives towards environmental safety is also anticipated to drive the global market over the forecast period. With the technological advancement in the field of chemical sensors it has become an important part of the food, pharmaceutical and chemical processing industry among others.

The global chemical sensors market was valued at US$ 17,466.9 million in 2017 and is expected to witness a CAGR of 5.2% during the forecast period (2017 – 2025).

Figure 1. Global Chemical Sensors Market Share, By Region (%)

Source: Coherent Market Insights Analysis (2017)

The growing energy usage as well as unwanted release of pollutants drives the growth of chemical sensors market

Chemical sensors are used in the industries for process monitoring and control in order to ensure environmental safety. It also plays a pivotal role in environmental protection and restoration. Tracking toxic gases and hazardous chemicals along with identifying and analyzing natural and man-made occurrences like waterways infestation, air pollution and weather prediction are some of the core application areas of chemical sensors. Military and defense forces also use chemical sensors in order to track chemical agents in the time of chemical warfare. Furthermore, smoke alarms, carbon monoxide (CO) detection systems and pH meters are some of the major application areas of chemical sensors. Moreover, high prevalence of chronic diseases and increasing application of chemical sensors in different medical devices is also fueling the market. The market in North America is expected to gain major traction over the forecast period, mainly due to increasing application of chemical sensors in different industries for environmental monitoring in U.S. and Canada. However, poor life expectancy of the chemical sensors is one of the major restraining factor for the market.

Growing number of advanced vehicle production is a prominent factor to fuel the chemical sensors market

The market for chemical sensors is gaining significant traction due to growing industrialization in emerging economies along with rising focus on increasing environmental pollution. In addition, growing number of advanced vehicle production is also one of the major driving factors for the market which is anticipated to contribute in the positive development of the market over the forecast period. Increasing adoption of chemical sensors in medical sector is anticipated to surge the growth for the chemical sensors market. Chemical sensors are used in blood sugar testing strips, portable glucose monitors, and different other medical devices these factors are prime growth contributing factors for the market. Product innovation through research and development is one of the major strategies adopted by the key players operating in the chemical sensors market to hold their prominent positions globally. New innovations like wearable chemical sensors and metal oxide nanowire chemical sensors along with portable chemical sensors and devices for health monitoring among others are anticipated to fuel the market for chemical sensors over the forecast period globally.

Chemical sensor is a device that transforms information regarding presence of chemical elements into an analytically useful signal. Physicochemical transducer and chemical recognition system are two major components of chemical sensors. Chemical sensors primarily operate in real time and physically small and are controlled by the kinetics and thermodynamics of a chemical reaction. Chemical sensors have applications in medical, oil and gas and automotive among others. Chemical sensors plays an important role in environmental monitoring. The growing energy usage as well unwanted release of pollutants has led to a focus on advanced monitoring technologies for environmental protection, and restoration. Chemical sensors have become a crucial part of the technology driven society and applications are found in food, pharmaceutical and chemical processing industry among others.

The chemical sensors market is expected to gain steady traction in the foreseeable future owing to increasing focus on homeland security. Miniaturized chemical sensors are available for specific applications.

Market Dynamics

The market for chemical sensors is gaining significant traction due to growing industrialization in emerging economies along with rising focus on increasing environmental pollution. In addition, growing number of advanced vehicle production is also one of the major driving factors for the market which is anticipated to contribute in the positive development of the market over the forecast period. Moreover, high prevalence of chronic diseases and increasing application of chemical sensors in different medical devices is also fueling the market.

Market Taxonomy

This report segments the global chemical sensors market on the basis of product type, end use industry, and geography. On the basis of product type, the chemical sensors market is categorized into optical sensor, electrochemical and catalytic bead among others. On the basis of end-use industry, the chemical sensors market is categorized into oil & gas, automotive, medical, environmental monitoring, industrial and others. For comprehensive understanding of market dynamics, the global chemical sensors market is analyzed across key geographical regions namely North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global chemical sensors market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans

Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, End Use Industry upgrades, market expansion and marketing tactics.

The global chemical sensors market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for chemical sensors market, research and consulting firms, new entrants and financial analysts

Various strategy matrices used in analyzing the chemical sensors market would provide stakeholders vital inputs to make strategic decisions accordingly

Detailed Segmentation:

Global Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Global Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Global Chemical Sensors Market, By Geography:

North America

U.S.

U.S. Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

U.S. Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Canada

Canada Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Canada Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Europe

U.K.

U.K. Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

U.K. Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Germany

Germany Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Germany Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Italy

Italy Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Italy Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

France

France Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

France Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Spain

Spain Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Spain Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Russia

Russia Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Russia Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Rest of Europe

Rest of Europe Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Rest of Europe Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Asia-Pacific

China

China Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

China Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

India

India Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

India Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Japan

Japan Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Japan Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

ASEAN

ASEAN Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

ASEAN Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Australia

Australia Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Australia Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

South Korea

South Korea Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

South Korea Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Rest of Asia Pacific

Rest of Asia Pacific Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Rest of Asia Pacific Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Latin America

Brazil

Brazil Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Brazil Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Argentina

Argentina Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Argentina Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Mexico

Mexico Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Mexico Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Rest of Latin America

Rest of Latin America Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Rest of Latin America Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Middle East

GCC

GCC Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

GCC Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Israel

Israel Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Israel Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Rest of Middle East

Rest of Middle East Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Rest of Middle East Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Africa

North Africa

North Africa Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

North Africa Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Central Africa

Central Africa Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

Central Africa Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

South Africa

South Africa Chemical Sensors Market, By Product Type:

Optical Sensor

Electrochemical

Catalytic Bead

Others

South Africa Chemical Sensors Market, By End Use Industry:

Oil & Gas

Automotive

Medical

Environmental Monitoring

Industrial

Others

Company Profiles

ABB Group*

Company Overview

Product Portfolio

Financial Performance

Key Strategies

Recent Developments

Future Plans

Delphi Automotive PLC.

The Bosch Group

Emerson Electric, Co.

Denso Corporation

Halma plc

Siemens AG

Honeywell International, Inc.

Yokogawa Electric Corporation

F. Hoffmann-La Roche Ltd

“*” marked represents similar segmentation in other categories in the respective section.

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

Primary Research (Trade Surveys and Experts Interviews)

Desk Research

Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Coherent Market Insights desk research is based on a principle set of research techniques:

National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.

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Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.

Trade association, National and international media and trade press.

Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.

Scientific journals, and other technical magazines and whitepapers.

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The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

Micro-economic indicators

Macro-economic indicators

Environmental indicators

Socio-political indicators

Technology indicators

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Data Validation

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It provides first-hand information on the market dynamics, outlook, and growth parameters.

Industry experts validates the estimates which helps the company to cement the on-going research study.